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GLOBAL MARKETS

Wednesday, 30 March 2016

China's New "Solidarnosc" Hits Streets

China on Strike

China's workers have driven the explosive growth of its economy in recent decades. Now, with record numbers of strikes across the country, the government views them as an existential threat, and it may just be right.

(CNN)The eight migrant workers gazed out at the crowd as the verdict was read out.

Flanked by two guards apiece and watched over by armed police they listened as the judge sentenced them to between six and eight months in prison.

Their crime: protesting for unpaid wages.

The scene looked like something out of the Cultural Revolution.

Hundreds of local residents massed in the public square, under banners denouncing the "crime of severely obstructing social-administrative order" and urging people to pursue "rational efforts in seeking unpaid wages", as judges and prosecutors gave those gathered what they called an "education in the law," according to state media.

But this was Sichuan province in March 2016, and a dark sign of how far labor relations have worsened in Communist China as economic growth has slowed to its weakest in a quarter of a century.

Last year was a record year for the solar industry and the momentum is set to continue. In 2016, the EIA expects the U.S. electricity market to see 26 gigawatts of new capacity installed. Utility-scale solar is expected to capture 9.5 GW of that total, or more than one-third. If that comes to pass, it would be triple the rate of installations of utility-scale solar compared to 2015, and would also equate to more than the combined total of installations from 2013 to 2015.

In addition, the FTC is asking for an injunction against VGoA. In a complaint filed in the Northern California District Court (PDF), the FTC writes, "Consumers have suffered and will continue to suffer substantial injury as a result of Defendant Volkswagen USA’s violations of the FTC Act. In addition, Defendant has been unjustly enriched as a result of its unlawful acts or practices. Absent injunctive relief by this Court, Defendant is likely to continue to injure consumers, reap unjust enrichment, and harm the public interest."

What we need for this decade, instead of a Misery Index, is an Insanity Index based on measures than indicate how out of balance, crazy, unsustainable, and dangerous our current fiscal and monetary world has become.

Suicide rate of Indian farmers rise as country faces urgent water crisis

Bone-dry India’s water crisis seems to bringing the 2015 blockbuster film “Mad Max” to life. Apart from a deteriorating quality of life, countless diseases and loss of economic opportunities, India’s lack of water is also causing a plethora of social ills.

Two successive years of droughts have resulted in India’s water crisis worsening by the minute, with a whopping 75.8 million Indians -- five percent of the country’s population -- currently lacking access to clean water.

Here’s another horrifying fact -- almost all of India’s water is contaminated by sewage, which means those cut off from clean water have two options: purchase water at the high price of 72 cents for 50 litres; or use supplies contaminated with sewage and chemicals.

Deflationary Collapse Ahead? Summation The analysis that comes closest to the situation we are reaching today is the 19...

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